47% said that with the rate at which interest rates and property prices are increasing, housing prices will go beyond their affordability in the next few years. In the past five years, the average price per square foot of housing has increased by 7% in Bengaluru, 3.5% in Mumbai, and 4% in Delhi-NCR.
These trends emerged from a survey report by real estate marketplace NoBroker. 26,000 people from Bengaluru, Mumbai, Pune, Chennai, Hyderabad and Delhi-NCR participated in the survey.